Tele2 to buy out Norwegian mobile partners

Friday 22 July 2011 | 08:37 CET | News
Tele2 has agreed to buy out its partners in the Mobile Norway joint venture. Orkla, Hafslund Venture II and Katalysator Telekom are the three largest shareholders in Network Norway with 67.76 percent of diluted share capital, including warrants and options. Tele2 will pay SEK 890 million cash for the Network Norway shares and warrants, valuing 100 percent of Network Norway at SEK 1.70 billion on a cash- and debt-free basis. Tele2 will make an offer to the remaining shareholders in Network Norway on the same terms. Network Norway is Tele2's 50/50 joint venture partner in Mobile Norway, the

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Categories: Mobile & Wireless
Companies: Network Norway / Tele2
Countries: Norway
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